Automated Income App: Gambling With Binary Options
What Is It?
This is a type of software that is supposed to help you trade binary options.
Short Review:
Despite giving the impression that this app will make you a millionaire quickly and easily, for free, this is far from the truth. It costs $200-$250 to start an account with United Options, and this is an extremely high risk stock trading strategy that takes LOTS of research and study to do it properly.
Don’t fall for the advertising trick of showing you fast cars and boobs. (screenshot taken from main advertising video)
Before You Buy:
The sales video should be completely ignored. The guy in the video is a hired voice actor, and Bryan Miller is NOT real. The product owners are actually Tim Atkinson and Zack Meftah, which are notorious guru scammers – yes, exactly the kind that “Bryan Miller” hates so much. A few months ago they came out with a product called Make Money with Meghan that was equally scammy, and also sold through a made-up personality.
Gambling with Binary Options
You may or may not have heard of binary options. To tell you the truth, I’m not 100% clear on what they are, because it’s pretty complicated. I do a bit of stock investing, but this is beyond my level – by a long shot.
If you would like to know more about what binary options is, check out the Wikipedia page. It’s a legit look at some of the theory and math of this type of stock trading.
Systems like Automated Income App are often sold as get-rich-quick schemes. I did a review on another place called Cedar Finance Binary Options. which was designed very similarly to this product.
The idea is that you guess which way a stock is going to go: Up or Down. You click a button to make your guess. You bet a certain amount of money, and if you are right, you make some money. If you are wrong, you lose the money you put on the table.
Does that sound a lot like gambling? Yeah, it is.
What I liked:
There isn’t much to like about this product, I have no problem calling this one a scam.
What I didn’t Like:
There’s plenty to not like about Automated Income App, the product, as well as binary options trading in this type of arena.
Advertisements like the one you saw on the main site of AIA are designed to take advantage of you. They tell you an amazing story of rags to riches, they use certain types of language to make you feel like it’s a real person talking to you. They even tell you how much they hate scammers, and out of the goodness of their heart, will show you the road to financial freedom.
In fact, it’s the exact opposite.
As far as binary options goes, please realize that this is high risk stock trading at best, and just plain gambling by some standards. You can absolutely lose every penny you invest in a matter of seconds.
If you are actually interested in binary options, there may be some companies worth going with, but they are out of the scope of this review, and beyond my own understanding. There are binary options review sites that can give you a better idea of which ones are legit (that links goes to a website I THINK is honest. Please do your own research) and which ones aren’t.
Remember this from the main video? Why would they say this if the product is CLEARLY about trading binary options?
There are fake review sites that may recommend certain services because they get paid a commission for each dollar you spend, which is likely the case of Automated Income App. Although they can market the app as being free, you still have to fund your account.
It’s important to check out specific trading sites before you sign up because there is a lot of talk about some companies actually rigging the software to make you lose more than you win, and some that don’t pay you, even if you do win money. You might think that this would be regulated by the SEC, but if the company is a fly-by-night website running out of Malaysia or The Cayman Islands, you are out of luck.
Final Review
If you are looking to make money on the internet, binary options is not a good place to start. It’s high risk and expensive. Plus, with Tim and Zack’s track record, I would hesitate to get involved in anything they promote.
The appeal of easy money is obvious. It can be hard to turn down an “opportunity” to magically turn your life around, stop being poor and overworked, and start being rich and successful.
Don’t forget that successful people have worked hard to get where they are today . It took me over 1 year to turn a profit from a website, and it was definitely not my first try (at that time I owned over 30 failed websites). I learned at Wealthy Affiliate. and this training program is currently my #1 rated product.
Now, I teach people how to build websites and earn money from them. Building the sites is easy, even for newbies, but the hard part is writing content for the site. I explain more of the process in my 5 Day Email Course on Internet Marketing .